I think he's just exaggerating to make a point here but he's right in many respects.
the point he's making really is, CGI is expensive> through its overuse people expect more and more of it> more money goes into big effects movies> less money allocated for smaller films.
thats just a line of thought I dont know how true it is. But whats interesting here is that Tarantino has just made (hopefully) a brilliant action movie to rival its recent 'compeitiors' in that genre, using traditional techniques, that perhaps work out a lot better.
Yes, he's obviously used some CGI, but as with most films, this works best sparingly.
I often wonder how well a full blown, summer action movie directed by PTA, Tarantino or other greats would turn out.